Strs Ohio Has $2.39 Million Stake in Toll Brothers, Inc. (NYSE:TOL)

Strs Ohio reduced its holdings in Toll Brothers, Inc. (NYSE:TOL) by 22.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,214 shares of the construction company’s stock after selling 6,599 shares during the period. Strs Ohio’s holdings in Toll Brothers were worth $2,386,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TOL. First Capital Advisors Group LLC. acquired a new stake in shares of Toll Brothers in the second quarter valued at about $36,000. IFP Advisors Inc increased its position in shares of Toll Brothers by 87.1% during the 3rd quarter. IFP Advisors Inc now owns 494 shares of the construction company’s stock worth $37,000 after purchasing an additional 230 shares during the last quarter. Castleview Partners LLC bought a new stake in shares of Toll Brothers during the 3rd quarter worth approximately $37,000. Dark Forest Capital Management LP acquired a new stake in shares of Toll Brothers in the 1st quarter valued at approximately $38,000. Finally, Baker Avenue Asset Management LP grew its stake in shares of Toll Brothers by 23.1% in the third quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company’s stock valued at $50,000 after buying an additional 127 shares in the last quarter. 91.76% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $118.85, for a total value of $5,942,500.00. Following the transaction, the chief executive officer now directly owns 346,382 shares of the company’s stock, valued at approximately $41,167,500.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Douglas C. Jr. Yearley sold 50,000 shares of Toll Brothers stock in a transaction on Monday, March 4th. The stock was sold at an average price of $118.85, for a total value of $5,942,500.00. Following the transaction, the chief executive officer now owns 346,382 shares in the company, valued at approximately $41,167,500.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Martin P. Connor sold 5,000 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $116.05, for a total value of $580,250.00. Following the transaction, the chief financial officer now directly owns 49,721 shares of the company’s stock, valued at approximately $5,770,122.05. The disclosure for this sale can be found here. Insiders sold 66,500 shares of company stock valued at $7,881,930 over the last quarter. 1.54% of the stock is owned by company insiders.

Toll Brothers Stock Performance

Shares of NYSE:TOL opened at $112.22 on Friday. The company has a quick ratio of 0.65, a current ratio of 4.95 and a debt-to-equity ratio of 0.39. Toll Brothers, Inc. has a 12-month low of $61.17 and a 12-month high of $130.63. The company’s 50 day moving average price is $117.45 and its two-hundred day moving average price is $98.91. The firm has a market cap of $11.69 billion, a PE ratio of 8.67, a PEG ratio of 0.94 and a beta of 1.66.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Wednesday, February 21st. The construction company reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.48. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.88 billion. Toll Brothers had a return on equity of 21.04% and a net margin of 13.97%. The company’s revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the company earned $1.70 EPS. Equities research analysts predict that Toll Brothers, Inc. will post 13.71 earnings per share for the current year.

Toll Brothers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend was Thursday, April 4th. This is an increase from Toll Brothers’s previous quarterly dividend of $0.21. Toll Brothers’s payout ratio is 7.11%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TOL shares. The Goldman Sachs Group lifted their price objective on shares of Toll Brothers from $94.00 to $96.00 and gave the company a “sell” rating in a research report on Thursday, February 22nd. Citigroup boosted their price target on Toll Brothers from $116.00 to $138.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Oppenheimer upped their price objective on Toll Brothers from $141.00 to $157.00 and gave the company an “outperform” rating in a research note on Thursday, March 21st. Wedbush reiterated a “neutral” rating and set a $87.00 target price on shares of Toll Brothers in a research note on Wednesday, February 21st. Finally, Wolfe Research upgraded Toll Brothers from a “peer perform” rating to an “outperform” rating and set a $118.00 price target on the stock in a research note on Monday, January 8th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $113.80.

Toll Brothers Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.